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Accounts Receivable Subsidiary Ledger The revenue journal and cash receipts journal for Polaris Productions Inc. follow. The accounts receivable control account has a January 1,
Accounts Receivable Subsidiary Ledger
The revenue journal and cash receipts journal for Polaris Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of $6,150, consisting of an amount due from Clear Pointe Studios Inc.
REVENUE JOURNAL | |||||
Date | Invoice No. | Account Debited | Post. Ref. | Accounts Rec. Dr. Fees Earned Cr. | |
20Y4 | |||||
Jan. 6 | 1 | Echo Broadcasting Co. | 1,830 | ||
Jan. 14 | 2 | Gold Coast Media Inc. | 7,190 | ||
Jan. 22 | 3 | Echo Broadcasting Co. | 3,200 | ||
Jan. 25 | 4 | Clear Pointe Studios Inc | 1,630 | ||
Jan. 29 | 5 | Amber Communications Inc. | 2,670 | ||
Jan. 31 | 16,520 | ||||
(12) (41) |
CASH RECEIPTS JOURNAL | ||||||||
Date | Account Credited | Post. Ref. | Fees Earned Cr. | Accounts Rec. Cr. | Cash Dr. | |||
20Y4 | ||||||||
Jan. 6 | Clear Pointe Studios Inc. | 6,150 | 6,150 | |||||
Jan. 11 | Fees Earned | 4,190 | 4,190 | |||||
Jan. 18 | Echo Broadcasting Co. | 1,830 | 1,830 | |||||
Jan. 28 | Gold Coast Media Inc. | 7,190 | 7,190 | |||||
Jan. 31 | 4,190 | 15,170 | 19,360 | |||||
(41) | (12) | (11) |
Prepare a listing of the accounts receivable customer balances and verify that the total agrees with the ending balance of the accounts receivable controlling account. If an amount is zero, enter "0".
Polaris Productions Inc. | |
Accounts Receivable Customer Balances | |
January 31, 20Y4 | |
Amber Communications Inc. | $ |
Clear Pointe Studios Inc. | |
Echo Broadcasting Co. | |
Gold Coast Media Inc. | |
Total accounts receivable | $ |
Feedback
Polaris Productions Inc. | |
Accounts Receivable | |
(Controlling) | |
Balance, January 1, 20Y4 | $ |
Total debits (from revenue journal) | |
Total credits (from cash receipts journal) | |
Balance, January 31, 20Y4 | $ |
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